Allotment of 78803228 fully paid-up bonus shares to the eligible shareholders
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Abate AS Industries Ltd has allotted 7,88,03,228 bonus equity shares of Rs. 10 face value each to eligible shareholders. The bonus shares were issued in a 1:1 ratio, meaning every shareholder received one new share for each share held as on the record date of July 31, 2025. As a result, the company's paid-up equity share capital has doubled from Rs. 78.80 crore (7.88 crore shares) to Rs. 157.60 crore (15.76 crore shares). The shareholder approval for the bonus issue was received at the AGM on July 14, 2025, and BSE in-principle approval came on July 22, 2025. The new shares will rank pari-passu with existing shares and be eligible for all future dividends and corporate benefits.
This is a positive development for shareholders as the bonus issue effectively doubles their shareholding without any cost, though it does not change the overall value of their investment. Share price typically adjusts downward on a proportional basis post the ex-bonus date, so liquidity and trading volumes may increase going forward.